Bitcoin

Bitcoin Magazine Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals Bitcoin may be slumping — along with the Nasdaq in general — but one technology investment seems to be doing well: publicly-traded mining companies. Top U.S. Bitcoin mining companies — Hut 8, CleanSpark, and MARA — all experienced gains between 3-7% on Thursday, despite a sell-off across other assets. The Bitcoin price was down about 2% Thursday, trading for $64,760. Major stock indices also took a hit — including the tech heavy Nasdaq — but a handful of miners continued to rally on new deals related to high-powered computing and artificial intelligence. Hut 8 announced Monday that it had signed a second 15-year lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas — doubling the site’s tenant to 704 MW of contracted capacity and fully commercializing the campus against its 1,000 MW of utility capacity. And on Tuesday, IREN Limited signed $2.8 billion in new AI cloud contracts. Formerly a Bitcoin miner, IREN is now transitioning to mostly providing high-powered computing to power AI demand. Both experienced price jumps Thursday morning in New York, with Hut 8 sustaining its rally. AI deals A number of Bitcoin miners are focusing on the industry as minting the biggest cryptocurrency becomes harder and demand for AI compute surges. As the price Bitcoin has dipped, it has become harder for Bitcoin miners to make ends meet. Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as “compute” or “digital infrastructure” companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable. Top miners Terawulf, IREN, and Cipher Mining all last year signed multi-year HPC contracts with Alphabet Inc.’s Google and Microsoft. Both the crypto mining and HPC industries require huge amounts of energy and data centers. However, running AI data centres require more expertise than Bitcoin mining. This post Bitcoin Slumps But These Mining Stocks Are Up Thanks to AI Deals first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine BlackRock Says Crypto Can Outrun the Quantum Threat — If It Moves Fast Enough BlackRock, the world’s biggest asset manager, has chimed in on the crypto-quantum debate — and is surprisingly optimistic. The firm, which manages over $15 trillion in assets, said in its new report, Quantum Computing and Blockchains, that upgrading existing cryptography to quantum-resistant standards is a far easier task than actually building a functional quantum computer capable of breaking that cryptography. “In our view, PQ migration for cryptocurrencies is eminently addressable from a technical standpoint, and the key challenge is one of timely coordination and implementation,” the report read. The crypto community has sounded the alarm about hypothetical advancements in quantum computers that could in the future be able to break Bitcoin’s cryptography. Some in the space — including Bitcoin developers — have started preparing for a post-quantum future by testing quantum-resistant signatures on live sidechains. Quantum computers do exist but make mistakes and a machine that can break Bitcoin’s cryptography currently does not exist. Bitcoin currently is the biggest computer network in existence. BlackRock has skin in the game after having debuted in 2024 spot Bitcoin and Ethereum exchange-traded funds. BlackRock’s Bitcoin fund had the most successful launch in the history of the ETF industry. BlackRock boss Larry Fink has also talked of Bitcoin being “digital gold” and an “international asset” and has spoken about how crypto networks can help tokenize everything. JUST IN: Michael Saylor announces Strategy, BlackRock, Fidelity and Coinbase are pledging $15 million to support open source Bitcoin development "for the decades ahead." pic.twitter.com/W5q60ph9n3 — Bitcoin Magazine (@BitcoinMagazine) July 23, 2026 BlackRock’s views on Bitcoin The report said that while solutions exist for protecting Bitcoin against quantum computers — it is technically simple to upgrade — coordination is hard given the cryptocurrency’s decentralized, consensus-driven development. BlackRock noted that about 35% of circulating Bitcoin’s supply is potentially vulnerable to certain attack types due to exposed public keys, and 11-19% may be permanently lost regardless of migration. Along with crypto bigwigs like Coinbase, Fidelity Digital Assets, and Block, BlackRock on Thursday announced a new Bitcoin Security Consortium aimed at donating funds to engineers to help their open-source work supporting proposals like BIP-360. The asset manager added in the report that while BIP-360 is a credible, well-designed piece of a larger puzzle, it stopped short of calling it the solution. Still, it added that Bitcoin and other crypto networks had the advantage. “That said, it is a much less daunting task to upgrade current cryptographic systems (including Bitcoin, Ethereum, and others) to a quantum-secure standard than it is to build a CRQC from where quantum computing progress stands today,” the report noted. “Thus, advantage remains decidedly with the defense, at the current juncture.” This post BlackRock Says Crypto Can Outrun the Quantum Threat — If It Moves Fast Enough first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Goldman Sachs Backs the Clarity Act, Splitting Wall Street Over Crypto Rules Goldman Sachs chairman and CEO David Solomon has thrown his support behind the Clarity Act, the crypto market-structure bill moving through the Senate, a stance that sets one of Wall Street’s largest banks apart from rivals lining up against it. “I’m very supportive of moving the Clarity Act forward, so we can get some market structure in place and start to move the innovation process along,” Solomon said in an interview with Politico. He called the bill imperfect, and said its value lies in creating “a level playing field to enhance market stability and allow these markets to develop appropriately.” Solomon spoke after Senate Republicans began circulating new text of the bill this week, ahead of a possible floor vote. His endorsement lands against a wave of opposition from other bankers, chief among them JPMorgan chief Jamie Dimon, who declared war on the bill and, in May, upbraided Coinbase CEO Brian Armstrong over the industry’s lobbying. Banks split over stablecoin yield The split runs along business lines. The fight centers on a provision that governs stablecoin yield, the rewards crypto platforms can pay users who hold dollar-pegged tokens. Commercial and community banks warn the language would pull deposits out of insured accounts and cut into local lending. Six of the largest banking trade groups, including the American Bankers Association, published a statement Wednesday that called the Clarity Act and its provisions a risk to “the local lending that drives economic activity in the U.S.” The ABA has pushed to strip the yield language, and labor unions have joined the opposition. Investment banks like Goldman, less reliant on consumer deposits, have trained their focus on other parts of the bill. Solomon pointed to language that would let “regulated institutions that have been on the sidelines participate more actively,” a green light for old-guard firms to use digital assets and blockchain rails. “Goldman Sachs’s position is that we believe strongly that we need one system where everybody can participate,” he said, and declined to weigh in on other bankers’ views. The stance fits Goldman’s own turn toward the asset. The bank has disclosed a $1.1 billion position in a spot bitcoin ETF, called the funds an “astonishing success,” and Solomon has revealed a small personal bitcoin holding. The bill’s stablecoin section holds the Tillis-Alsobrooks compromise, which bars passive yield on idle balances while it permits narrow activity-based rewards, a line the banking lobby says leaves too much room. The measure has moved through bipartisan talks for months. The House passed its version in July 2025, and the Senate Banking Committee advanced its text in a 15-9 vote in May. The Clarity Act still faces an uphill battle The path to the floor for the Clarity Act stays murky. Republican senators John Curtis of Utah and John Cornyn of Texas told Punchbowl News they share the banks’ worry over deposit flight. “Crypto is not going to be loaning any money for small businesses,” Cornyn said. Bill Cassidy of Louisiana hinted at concerns of his own. The sharpest problem is ethics. The new Clarity Act draft would bar federal officials from issuing digital assets, language negotiated between Senators Cynthia Lummis, Bernie Moreno, and the White House. Democrats call it too weak, in part because they distrust the Trump Justice Department to enforce limits on the president. President Trump and his family made more than $1 billion from crypto ventures over the past year, a windfall that has fueled Democratic demands for reform. A group of seven Democrats led by Angela Alsobrooks said Wednesday the text “falls short” on consumer protection, illicit finance, and conflicts of interest. Lummis framed the Clarity Act standoff without illusion. “There’s not going to be a provision that makes opponents of the president happy that also makes the president happy,” she said to Punchbowl. Majority Leader John Thune aims for a vote in the coming week, a window that lawmakers say may decide whether the bill lives or dies before the August recess. This post Goldman Sachs Backs the Clarity Act, Splitting Wall Street Over Crypto Rules first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Coinbase Builds Post-Quantum Custody System, Funds Bitcoin’s Crypto Upgrade Coinbase is preparing for future scenarios where quantum computers may be able to crack Bitcoin’s current cryptography. America’s biggest crypto exchange said Thursday that while the threat isn’t imminent, hard problems — such as migrating millions of users and coordinating protocol upgrades across decentralized systems — need to be solved. Quantum computers are still experimental and make mistakes but some in the crypto community have sounded the alarm about hypothetical advancements in the machines that could in the future be able to break Bitcoin’s cryptography. “There’s a lot of noise about quantum computing right now,” Coinbase said. “Some of it is hype. Some of it is fear. And some of it is real.” The publicly-listed company added that a large-scale quantum computer capable of breaking current cryptography will eventually be built, and so the work to prepare needs to start now, “not when it’s urgent.” The gameplan The exchange added that its Independent Advisory Board on Quantum Computing and Blockchain, formed earlier this year, plans to deliver a post-quantum signing pipeline using secure enclaves and threshold cryptography. Coinbase said that currently, its key management system protects approximately 99.9% of the assets the company custodies. But within the next year, the company will deliver an automated signing pipeline that will allow quantum-safe custody as soon as blockchains begin adopting post-quantum schemes. It added that it was bringing together Bitcoin core developers, cryptographers and researchers to discuss post-quantum migration strategy, with plans to continue these regularly. “Preparing Bitcoin for a post-quantum world is one of the most consequential and complex challenges the protocol has ever faced,” the exchange said. Coinbase is also a founding member of the new Bitcoin Security Consortium — alongside BlackRock, Fidelity Digital Assets, Block, and others — which donates funds and dedicates engineers to open-source work supporting proposals like BIP-360. The quantum “threat” Crypto companies and protocols have been planning for a hypothetical future where quantum computers can break top cryptography ever since Google researchers last year said that improvements in the computers may allow them to be able to break the cryptography protecting major cryptocurrencies in just nine minutes. Some in the community have called the warnings overblown, but others have already started preparing for a post-quantum future by testing quantum-resistant signatures on live sidechains. This post Coinbase Builds Post-Quantum Custody System, Funds Bitcoin’s Crypto Upgrade first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners Kazakhstan has laid out a plan to build a national strategic crypto reserve fed by its bitcoin miners, part of a two-step push by President Kassym-Jomart Tokayev to pull the country’s large mining industry into a regulated, state-supervised system. A presidential decree signed July 7 sets the frame, and a government resolution approved July 18 supplies the mechanism. The government cleared the rules for strategic digital mining under Government Resolution No. 638, published in the PRG.kz legal database. Together the two measures aim to route mining output and crypto trading through Kazakh infrastructure, with the state taking a share of mined coins for a sovereign reserve. The reserve sits at the center. Under the July 18 resolution, the Kazakhstan government created a program of “strategic digital mining,” in which miners receive electricity quotas at capped tariffs on 10-year contracts from listed power producers. In exchange, they must hand over part of what they mine, according to local reporting. A formula sets the transfer at 10% of mined digital assets after the cost of electricity and grid services, paid each month to the state-linked Astana Hub fund, which passes the coins to the National Investment Corporation of the National Bank for management inside a “national strategic crypto reserve.” The first approved power source is the Ekibastuz GRES-1 coal plant, with a 300-megawatt quota. To qualify, a miner must run a data center of at least 150 megawatts, with rigs that each clear 150 terahashes per second, among other conditions. The resolution defines its reserve as a vehicle to invest in digital assets, in derivatives tied to those assets, and in the shares of companies that build or invest in crypto. Rather than hold coins alone, the structure gives the state a spread of exposure to the sector it now seeks to grow, with the National Bank’s investment arm at the controls. The design turns Kazakhstan’s cheap power and mining base into a channel for state accumulation, an approach that echoes the reserve strategies spreading among governments. Kazakhstan had floated a $1 billion crypto reserve built in part on seized assets and state-mined coins, and its central bank moved to invest up to $350 million in crypto-linked funds. The United States established a strategic bitcoin reserve from forfeited coins last year, a model other states have weighed. NEW: Kazakhstan approves "the implementation of strategic digital [asset] mining" and a national reserve pic.twitter.com/go0HT2Nhl6 — Bitcoin Magazine (@BitcoinMagazine) July 23, 2026 Kazakhstan as a bitcoin mining hub Kazakhstan ranks among the world’s largest bitcoin mining hubs, fifth by mining activity in the Cambridge Digital Mining Industry Report from April 2025, a status built on cheap coal power that drew miners after China’s 2021 ban, though the country moved to tighten its mining rules over grid strain. The new program reads as an attempt to harness that base rather than curb it, and the decree directs the Kazakhstan government to tap associated petroleum gas, natural gas, and renewable output for mining. Other crypto tasked The July 7 decree reaches past mining. It sets up a Committee on Digital Assets and Payment Systems under the National Bank, and orders work on tokenization platforms, exchange and custody services, and crypto-fiat channels tied to the financial system. It calls for stablecoins to settle cross-border trade for export and import, tokenized government securities by the end of 2026, and rules that isolate customer assets from a bankrupt provider’s estate. To pull activity onshore, the decree offers a plan to exempt individuals from personal income tax on crypto gains earned through Kazakh providers from the start of 2026 through the end of 2028, plus a window for holders to disclose coins acquired or mined in the past if they move them into regulated infrastructure. The government also plans a National Cryptocurrency Analysis Center by mid-2027 to track transactions and flag illicit schemes, along with a review of DeFi platforms. This post Kazakhstan Moves to Build a National Crypto Reserve Funded by Bitcoin Miners first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Crypto Derivatives Exchange BitMEX To Shut Down in September Crypto exchange BitMEX will close down in September, according to a Thursday announcement on the company’s website. The exchange said that after “a strategic review of the business and the broader crypto industry, the board of HDR Global Trading Limited, owner and operator of BitMEX, has decided to close the exchange.” BitMEX did not give further information on why the exchange was closing but told users to withdraw their funds “as soon as practical.” “The BitMEX platform has always remained grounded to the true ethos of Bitcoin — neutrality, transparency, and decentralisation, which is evident through our peer-to-peer operations and a top priority focus on user fund safety,” the statement read. “While this news is a difficult one to share, we are proud of everything that has been built at the company since its launch as a pioneer of crypto derivatives.” BitMEX added that users will be able to access services as normal until September 23. After that date, the exchange will only hold client assets until they are withdrawn. It continued that it had unstaked all staked BMEX Tokens on the platform, and they are now available in users’ accounts. Run-ins with the law Run by eccentric crypto entrepreneur Arthur Hayes, BitMEX has had its fair share of run-ins with the law. Regulators first stated that BitMEX had allowed U.S. clients to use its exchange without verifying their identities. The company in 2021 paid $100 million in civil penalties after the U.S. Financial Crimes Enforcement Network alleged that the exchange’s senior leadership “altered U.S. customer information to hide the customer’s true location.” BitMEX founders Hayes, Benjamin Delo, and Samuel Reed pled guilty in 2022 to violations of the Bank Secrecy Act for failing to operate an anti-money laundering program at the cryptocurrency exchange. Each founder then agreed to pay a $10 million fine to settle the charges. Then, last year, BitMEX was hit with a further $100 million fine for its guilty plea for breach of the United States Bank Secrecy Act. But following the election of crypto-friendly President Donald Trump, all three founders were pardoned in 2025. This post Crypto Derivatives Exchange BitMEX To Shut Down in September first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine BlackRock, Coinbase, Strategy Among Nine Firms Launching the Bitcoin Security Consortium, Pledging $15 Million To BTC Security Development Nine of the largest names in institutional Bitcoin launched the Bitcoin Security Consortium on Thursday, a group backed by $15 million in member pledges over three years to fund work on the network’s long-term security, including preparation for a future era of quantum computing. Founding members are Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets, Galaxy, and Strategy, a lineup that spans holders, custodians, exchanges, infrastructure and payments providers, and asset managers. The consortium’s day-to-day work falls to Mike Schmidt, executive director of the developer non-profit Brink, who serves in a volunteer role. Schmidt tweeted about the role, saying, “I said yes because supporting Bitcoin’s developers and helping people understand their work are the two things I’ve spent my time in Bitcoin on, through Brink and Optech. This group wants to do both: fund the people already securing Bitcoin, and bring accurate information about that work to audiences it doesn’t currently reach.” Each member directs its own funding to the developers, researchers, and organizations it chooses; the $15 million figure is an aggregate of independent pledges rather than a pooled fund. The group also plans to serve as a reference point on Bitcoin’s security for investors, the public, and the media, and to publish material it will update as the field develops. Funding advocates The consortium drew clear limits around its role. It says it does not develop or direct Bitcoin’s protocol, takes no position on specific protocol changes, and does not speak for Bitcoin or its developers. It casts itself on the model of industry groups that fund the open-source software they rely on without controlling the work. “Bitcoin’s development is, and will remain, the work of a global, decentralized community of contributors,” the group said. “As long-term holders, we have every incentive to see Bitcoin remain secure for generations,” said Phong Le, Chief Executive Officer of Strategy. “Funding the people who do this work, and helping inform the conversation around it, is a natural way for us to contribute.” Robert Mitchnick, BlackRock’s Global Head of Digital Assets, said Bitcoin Core developers “do incredibly important work,” and that the members would make “significant additional funding available to support Bitcoin’s long-term security needs.” Brink, the non-profit coordinating the effort, has funded open-source Bitcoin work since 2020, including more than $1 million to developers in a single year and the first third-party security audit of Bitcoin Core. Schmidt co-founded the group with developer John Newbery. Bitcoin and quantum Much of the consortium’s stated focus lands on the quantum question. Large-scale quantum computers able to break BTC’s cryptography do not exist today, and credible estimates place such capability years out. The group frames post-quantum protection as a long-term priority the technical community already works on, and positions itself as a grounded source as that work moves. That framing matches a wider institutional turn toward the issue. Coinbase has formed a quantum computing advisory board, Galaxy launched its own quantum readiness initiative with developer grants days before, and BlackRock has listed quantum computing as a risk in its spot BTC ETF filings. Developers, for their part, have proposed migration plans built on schemes such as BIP-360 that would move coins to quantum-resistant addresses, and the Bitcoin Policy Institute has warned the timeline is compressing. Views on urgency diverge, a split the consortium’s members embody. Adam Back, founder of member firm Blockstream, has called the quantum threat decades away, while other voices place a capable machine within the next several years. The stakes are large either way, since Coinbase research has estimated that between 20% and 50% of BTC’s supply, much of it in older wallet formats, could face exposure to a long-range quantum attack. The consortium sidesteps the timeline debate and stakes its role on funding and information rather than a forecast. Its own summary holds that the risk is real, yet the network is preparing. This post BlackRock, Coinbase, Strategy Among Nine Firms Launching the Bitcoin Security Consortium, Pledging $15 Million To BTC Security Development first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Swiss Bank BancaStato Launches Bitcoin Trading Through Sygnum and Avaloq BancaStato, the cantonal bank of Ticino in southern Switzerland, has launched regulated crypto trading, a service that lets clients buy, hold, and sell bitcoin from the bank’s existing web and mobile apps, the digital asset bank Sygnum said on Thursday. The bank connected Sygnum’s application programming interface to its Avaloq core banking system and digital channels, a setup that places bitcoin trading inside the same apps clients use for traditional accounts. At launch, clients can trade bitcoin (BTC) and other crypto with market orders placed by quantity or U.S. dollar value. Bitcoin sits at the center of the offering, a pattern across the wave of European banks that have added crypto services. BancaStato clients gain exposure to the asset through a regulated channel rather than a standalone exchange, and their holdings rest in Sygnum’s custody rather than on the bank’s own balance sheet. Sygnum said client assets are held in an institutional-grade, multi-layer custody solution built on hardware and software controls, governance processes, and independent external audits. The firm said all client assets are held off-balance sheet in regulatory and legal compliance, a structure meant to shield holdings if the bank enters bankruptcy. The point matters for bitcoin holders, since a bearer asset kept off the balance sheet stays separate from the claims of a failed institution’s creditors. The integration runs on Sygnum’s B2B API without a separate order management system, an approach the firms said cuts cost and complexity. “BancaStato, becoming the first bank on Avaloq’s SaaS environment to enable clients to buy, hold and sell crypto via API with Sygnum directly from within its e-banking platforms, marks a significant step in the maturity and scalability of regulated digital asset infrastructure,” said Fritz Jost, Sygnum’s chief B2B officer. Founded in 1915, BancaStato runs its core banking and digital channels on the Avaloq platform in a software-as-a-service model. Curzio De Gottardi, the bank’s head of products and services and vice-chairman of its executive board, cast the launch as an extension of the bank’s existing lineup. “Our seamless integration of traditional assets, investment solutions — and now digital assets — further enhances our group’s future-ready offering,” he said. BancaStato joins Zuger Kantonalbank and more than 25 other banks and financial institutions on Sygnum’s B2B platform. Sygnum said its partner banks give more than a third of the Swiss population a route to own digital assets. Bitcoin in swiss banks The launch adds to a run of Swiss institutions bringing BTC to their clients. Zürcher Kantonalbank, the country’s fourth-largest bank, rolled out bitcoin trading and custody; St. Galler Kantonalbank opened bitcoin buying and custody to retail clients; and UBS has weighed bitcoin trading for select wealth clients. Sygnum itself has built out bitcoin-linked lending, from a partnership with Relai on BTC-backed loans to a $50 million bitcoin-backed syndicated loan for Ledn. Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU’s Markets in Crypto-Assets Regulation, granted by Liechtenstein’s Financial Market Authority. That license lets EU banks tap Sygnum’s infrastructure to launch digital asset services, a path other providers such as Bitcoin Suisse have taken from the same jurisdiction. This post Swiss Bank BancaStato Launches Bitcoin Trading Through Sygnum and Avaloq first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Nasdaq-listed Zhibao Technology to Take 3,500 Bitcoin in Proposed PIPE Financing Zhibao Technology, a Shanghai-based insurance-technology firm listed on the Nasdaq, said Wednesday it has signed a non-binding term sheet for a stock sale that would be paid for in bitcoin — some 3,500 coins, worth near $220 million at current prices. The deal, a private investment in public equity known as a PIPE, would have a buyer named Joyertech and Information OPC subscribe for Zhibao shares with consideration the company expects to include about 3,500 BTC. The figure remains subject to final valuation, custody arrangements, an audit, regulatory review, and definitive agreements. Zhibao stressed that the term sheet binds no one, and that the transaction may change or fall through. The structure hints at a familiar move. Zhibao (NASDAQ: ZBAO), which pioneered a “2B2C” embedded-insurance model in China and launched the country’s first digital insurance brokerage platform in 2020, would keep running its existing business at first. Yet the buyer would name a majority of the board at closing, a control transition that would hand the newcomers the steering wheel while the current team minds the legacy operation until a later “separation, disposition, or other restructuring.” $220 million in bitcoin has a new owner In plain terms, a modest insurance-tech company would become a home for a large pile of bitcoin, with new owners in charge. Rather than raise cash and buy coins on the market, Zhibao would take the bitcoin itself as payment, a swap that seats a treasury on its balance sheet from day one. It is the kind of reinvention that has swept public markets over two years, as firms remake themselves around a bitcoin treasury and corporate holdings climb to records. Zhibao’s stock jumped near 24% on the news. Behind ZBAO are employees, insurance clients, and a founding team that built something new in a crowded market, and the term sheet would fold that story into a treasury vehicle shaped by people who may value the shell as much as the business. For the current staff, the promise is continuity “until the separation” — words that carry their own uncertainty. The wager holds warning signs. Analysts have called the treasury boom a bubble, and some treasury firms have started selling their coins under market pressure this year. This post Nasdaq-listed Zhibao Technology to Take 3,500 Bitcoin in Proposed PIPE Financing first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Crypto’s US Workforce Is Tiny, But Industry Punches Above Its Weight: Report The crypto industry may be relatively small in terms of employers — but the economic contribution is big. That’s according to a new report published by the National Cryptocurrency Association and the Pragmatic Policy Group, which reveals that while only 34,000 people are employed by crypto companies, the industry will contribute $55 billion in 2026 to the U.S. economy. The report, “Crypto at Work”, which claims to be the first to comprehensively analyze the crypto industry’s footprint in the U.S. labor market, said that jobs in the space also average $133,000 a year — more than double the $64,000 national median wage, and ahead of average pay in tech of and manufacturing. “Crypto creates many jobs outside the tech industry and directly supports more jobs than key manufacturing industries,” the report said. Using a standard input-output economic model, PPG calculated that every direct crypto job supports roughly six additional jobs elsewhere in the economy — at suppliers, and at businesses where crypto workers spend their paychecks. Stacking those indirect and induced jobs on top of the direct total produces a figure of 232,000 jobs in total that the industry supports. By raw headcount, though, crypto remains a small employer. The report itself benchmarks its 34,000 direct jobs against coffee and tea manufacturing (28,400 jobs) and tobacco manufacturing (10,600 jobs) — hardly the scale of a major American industry. The industry’s footprint is also geographically lopsided: California, New York, and Texas account for 60% of all crypto jobs, with 57,600, 53,800, and 26,500 respectively. Heartland states—Iowa, Kansas, Nebraska, and the Dakotas among them — together support just over 17,000 jobs. The report singles out Colorado and North Dakota as rising hubs, pointing to Colorado’s crypto-friendly tax policy and firms like Riot Platforms and Crusoe Energy, and North Dakota’s flare-gas mining operations and a pilot stablecoin from the state-owned Bank of North Dakota. PPG describes the study as the first comprehensive, economy-wide look at crypto’s labor market impact, built on 2024 Bureau of Economic Analysis and Bureau of Labor Statistics data. The firm also flagged a limitation in its own approach: because “a dedicated crypto workforce profile does not yet exist,” it modeled crypto’s financial activities using the occupational mix of broader technology industries rather than traditional finance. NCA, which funded the research, said it hopes the findings give policymakers “an evidence-based understanding of the sector’s economic contribution.” The nonprofit launched in 2025 to promote what it describes as safe, informed cryptocurrency adoption in the U.S. This post Crypto’s US Workforce Is Tiny, But Industry Punches Above Its Weight: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Benchmark Raises Hut 8 Price Target After Bitcoin Miner Signs $9.8 Billion AI Data Center Deal Investment bank Benchmark has raised its price target on Bitcoin miner Hut 8 following news that the company had signed a second 15-year lease ​worth $9.8 billion for its AI data center. Equity research analyst Mark Palmer reiterated his “buy” rating on the Toronto- and Nasdaq-listed miner in a note Wednesday, raising its price target to $195, up from $165 — an 80% upside from Hut 8’s current share price of nearly $110 a pop. Palmer argued that the deal validates Hut 8’s “power-first” approach to building out AI infrastructure. Hut 8 announced Monday that it had signed a second 15-year lease for 352 megawatts of IT capacity at its Beacon Point campus in Nueces County, Texas — doubling the site’s tenant to 704 MW of contracted capacity and fully commercializing the campus against its 1,000 MW of utility capacity. Hut 8 shares climbed over 10% on the news, closing near $101 after peaking above $106. Palmer estimates the new Beacon Point lease alone could contribute roughly $655 million a year in net operating income once stabilized, pushing the campus’s total contract value as high as $50.2 billion if renewal options are exercised. Hut 8 is among a growing list of publicly traded Bitcoin miners pivoting toward AI and high-performance computing as mining margins get squeezed by a falling Bitcoin price and rising difficulty. The company struck a Google-backed deal in December with Anthropic and Fluidstack to build out as much as 2.3 gigawatts of AI data center capacity in the U.S. Hut 8’s mining ventures Rivals including Terawulf, IREN, and Cipher Mining have signed similar multi-year HPC contracts with Google and Microsoft, while Bitfarms said last year it would wind down its mining operations entirely to focus on high-performance computing. Hut 8, by contrast, has kept its mining business running through its majority stake in American Bitcoin, the mining venture backed by Eric Trump and Donald Trump Jr. Hut 8 is scheduled to report second-quarter earnings on August 4. This post Benchmark Raises Hut 8 Price Target After Bitcoin Miner Signs $9.8 Billion AI Data Center Deal first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Lightning Labs Launches Wavelength: “Bitcoin on Easy Mode” for Developers and Autonomous Agents Lightning Labs, the company developing core Lightning Network software including Lnd, Loop, and Taproot Assets, has released the alpha version of Wavelength. The toolkit enables developers and AI agents to add self-custodial Bitcoin payments to applications through a simple non-custodial API, without running nodes, managing channels, or sourcing liquidity. In a July 21, 2026 blog post, Lightning Labs described Wavelength as “Bitcoin on Easy Mode for Agents and Humans.” The company stated that the Lightning Network already delivers instant, global, low-fee payments under user control, but previously required infrastructure most builders preferred not to operate. Wavelength closes that gap by turning the hard parts of Bitcoin and Lightning integration into a handful of API calls. High-Level Overview Wavelength embeds a self-custodial wallet that runs inside web or mobile apps (via WebAssembly or compiled binaries) or as a standalone client. Users control their own keys on-device. The system supports on-chain Bitcoin, Lightning payments via atomic swaps, and an Ark-like settlement layer for fast, low-cost off-chain transfers that can settle in batches to the blockchain. Every off-chain payment uses a standard BOLT 11 invoice, so the wallet interoperates with the existing Lightning Network from the first integration. Lightning payments route through Loop for deep, reliable liquidity. A coordination service settles transfers between users but never takes unilateral control of funds. According to the announcement, users can always perform a unilateral exit to on-chain Bitcoin at any time via an explicit exit command, without needing cooperation, the Wavelength SDK is open source. The same Wavelength API is exposed to AI agents as typed tool calls through the Model Context Protocol (MCP). Agents can hold balances and pay for API calls, data feeds, or other agent services in fractions of a cent. Wallet creation and unlocking designed to remain outside the agent channel so seeds and passwords are not exposed to the model. This pairs with L402, Lightning Labs’ protocol for machine-native authentication and per-request Lightning payments. Core commands cover the full lifecycle: create/unlock, balance, recv (for addresses or invoices), send, activity, and exit. Integration options include the embedded SDK, a gRPC/REST API, browser WASM package, and an MCP server. Documentation is structured for both human developers and agents, including llms.txt indexes and agent onboarding guidance. Availability and Roadmap Wavelength is available immediately on Signet and testnet. Mainnet access is invitation-only; interested parties can request it after installing the toolkit. Bitcoin is supported at launch. Stablecoin support is planned via Taproot Assets so the same API surface can handle both. Future work includes deeper mobile embedding and optional direct Lightning channel support using Lnd. Lightning Labs noted in its announcement that during the closed alpha, Lightning transactions carry a minimal 1 basis point service fee (plus standard network routing fees), with ordinary Bitcoin network fees applying for on-chain activity. Pricing may evolve. On X, Lightning Labs summarized the release: “Announcing Wavelength, the easiest way to integrate bitcoin for agents and humans. With a simple non-custodial API, anyone can integrate Lightning into their app and get instant, high volume, low fee transactions. Machines can pay machines. Humans can pay humans. Anywhere.” A follow-up post directed builders to a form for early mainnet access. The release positions Wavelength as infrastructure that lowers the barrier for application developers, “vibe coders,” and autonomous agents to offer self-custodial Bitcoin payments by default rather than as a specialist feature. Full documentation, quickstarts, and the open-source repository are available at wavelength.lightning.engineering and the linked GitHub project. This post Lightning Labs Launches Wavelength: “Bitcoin on Easy Mode” for Developers and Autonomous Agents first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine New Clarity Act Draft Would Bar Trump and Officials From Issuing Crypto, With a 2029 Sunset Senate Republicans released an updated version of the Clarity Act on Wednesday, a draft that for the first time carries a crypto ethics agreement barring the president, vice president, members of Congress, federal judges, and other covered officials from issuing or sponsoring digital assets. The new Clarity Act text, posted after morning briefing calls with stakeholders, adds a section titled “Ban on certain digital asset transactions.” It states that a covered individual “shall not, in exchange for consideration,” issue or sponsor a digital asset, a prohibition that reaches public officials and employees during their service, and their spouses. A companion clause bars the listing of any digital asset found to be issued or sponsored by a covered individual in violation of the ban. The bill offers a safe harbor. A covered individual would avoid violation by placing a direct interest in a digital asset in a qualified blind trust, divesting it, or both, along procedures that track the ethics-agreement rules under section 208 of title 18. A separate carve-out protects continued use of a covered individual’s name, image, or likeness when an issuer or intermediary used it before the person entered covered status. JUST IN: Senate Republicans release updated Clarity Act text that bans the President and covered officials from issuing digital assets and requires them to sell their crypto holdings or put them in a blind trust. pic.twitter.com/v7UDXGI45B — Bitcoin Magazine (@BitcoinMagazine) July 22, 2026 The ethics package carries an expiration date. Under the draft, the provisions have no force after noon on January 20, 2029, and no person faces penalty after that sunset for conduct on or before it. The timing lines up with the end of the current presidential term. Clarity Act dispute over President Trump’s crypto efforts The ethics language answers a months-long Clarity Act dispute over President Trump’s crypto ventures, which a July financial disclosure tied to about $1.4 billion in 2025 income through the $TRUMP token and World Liberty Financial. Eleanor Terrett reported the package was negotiated between the White House and Republican Senators Cynthia Lummis and Bernie Moreno, and that it does not carry Democratic sign-off. Democrats on the Banking Committee had pressed for enforceable conflict-of-interest rules, and an amendment to bar officials from crypto ties failed during the May markup of the Clarity Act. Beyond ethics, industry sources say the Blockchain Regulatory Certainty Act stays intact from the committee version. The BRCA holds that non-custodial developers and infrastructure providers are not money transmitters for building or maintaining decentralized networks, a protection the industry has pushed to preserve. Further amendment details The Lummis-Grassley amendment keeps criminal liability for anyone who “knowingly” facilitates illicit transactions, and the Keep Your Coins Act preserves the right to self-custody. The stablecoin-yield section holds the Tillis-Alsobrooks compromise: a ban on interest paid on idle payment-stablecoin balances, with room for rewards tied to activity such as transactions or staking, as long as those rewards do not function as interest on a bank deposit. A new section of the Clarity Act builds out law enforcement tools. It raises funding for state and local crypto investigations and blockchain analytics, sets up training for police and prosecutors, creates a “cyber center” against nation-state actors such as North Korea and Iran, and forms a public-private task force on fraud. It also requires stablecoin issuers to comply with lawful orders to freeze, seize, burn, and reissue tokens. The text carries bankruptcy protections that treat customer digital assets as property of the customer rather than part of a failed company’s estate, a rule meant to head off another FTX-style loss. The 616-page draft came from Republicans, and it lacks Democratic support for the moment. Senator Lummis thanked her “Democratic colleagues for their important contributions” and voiced a commitment to “reaching a deal in the coming days that will allow this legislation to become law.” Majority Leader John Thune plans a floor vote in the coming weeks. The release caps a stretch of pressure to move the Clarity Act. The House passed its version in July 2025 on a 294-134 vote, and the measure has waited in the Senate since. The Senate Banking Committee advanced its text in a 15-9 vote in May. Coinbase and other firms have pushed for passage before the August recess, Treasury Secretary Scott Bessent put the effort at the “1-yard line,” and Trump has pressed the chamber to act. This post New Clarity Act Draft Would Bar Trump and Officials From Issuing Crypto, With a 2029 Sunset first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Winklevoss Twins Donated $10 Million From Bitcoin Sale to Trump Super PAC Crypto entrepreneurs Tyler and Cameron Winklevoss donated over $10 million after liquidating Bitcoin to American super PAC MAGA Inc., which supports President Donald Trump. A Tuesday filing shows each twin — the founders of the public crypto exchange, Gemini — donated over $5 million each. The donation comes about one month after the U.S. Commodity Futures Trading Commission asked a judge to vacate the agency’s $5 million penalty against Gemini. The twins back in 2024 announced that they had donated 30.94 Bitcoin, valued at over $2 million at the time, to President Trump’s campaign, claiming it would “put an end to the Biden Administration’s war on crypto.” During the Biden Administration, regulators cracked down hard on crypto exchanges — including Gemini — but since President Trump took office, a number of lawsuits have been scrapped. MAGA Inc. has raised over $400 million in fresh cash ahead of November’s midterm elections. The Winklevoss twins are Bitcoin OGs The Winklevoss Twins — who claimed they played a part in the creation of Facebook — founded crypto exchange Gemini in 2014 after being early Bitcoin backers. Crypto industry observers have long speculated that the twins are two of the biggest Bitcoin holders in the space. The twins have long praised President Trump’s pro-Bitcoin and pro-business stance, claiming it’s crucial for the future of the crypto industry in the country. Tyler in particular emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth. “President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he said back in 2024. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.” Back in May, Gemini shares jumped over 20% in after-hours trading after the Winklevoss twins announced a $100 million Bitcoin-funded investment in the company alongside Q1 earnings showing 42% year-over-year revenue growth. The quarter’s results included a narrowed net loss of $109 million and a sharp rise in services and credit card revenue, though trading volumes had fallen from a year earlier following Bitcoin’s crash from its October peak. The rally followed months of turmoil for Gemini, including layoffs, executive departures, shareholder lawsuits, and a stock price that had dropped more than 89% from its IPO high, partly offset by a CFTC derivatives license granted in April. This post Winklevoss Twins Donated $10 Million From Bitcoin Sale to Trump Super PAC first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do? American investors have thrown fresh cash at Bitcoin exchange-traded funds over the past six days, helping the price of the top cryptocurrency to rise again. Data from Farside Investors shows that close to $1 billion has been pumped into the funds since Tuesday last week. The price of Bitcoin was recently trading at nearly $65,860, down slightly over the past 24 hours but up 1% over a seven-day period. The leading cryptocurrency touched a weekly high yesterday of $66,891. Funds managed by BlackRock, Morgan Stanley, and Grayscale have taken in over $930 million in the six-day streak after weeks of lacklustre flows and sloppy price action. Bitcoin is currently nearly 50% below its October record of $126,080 after a massive liquidation event, war in the Middle Eastern and inflation all weighed the cryptocurrency down. Bitcoin upside potential? Analysts remain wary of digital assets’ future price path as markets reckon with a re-escalation of the Trump administration’s war with Iran and inflation. European asset management firm CoinShares last week said that while investors are back at putting fresh cash in Bitcoin via the exchange-traded products, other factors may hold digital asset markets from going higher. “We have said for some time that Bitcoin has probably reached, or is close to, its floor,” James Butterfill, head of research at CoinShares, wrote. “But we see no significant upside potential from here.” Current macroeconomic headwinds, such as the US bombing Iran and rising oil prices, could see inflation go up again. The price of Bitcoin has typically done well on news that inflation is coming down because investors expect interest rates to come down. And another report by NYDIG last week claimed that the asset’s current slump is down to supply mechanics rather than risk sentiment. The report revealed that Bitcoin’s year-to-date performance makes it the worst-performing asset — losing out against US treasuries, silver, and currencies like the Swiss Franc. It added that if Bitcoin’s price action were to match other drawdowns — like the bear market of 2022 — a “potential cycle low near $38k-$39k” was possible. This post Bitcoin ETFs Take in Nearly $1B in New Money — But What Will the Price Do? first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Coinbase Settles FOIA Fight With the SEC Over Gensler’s Vanished Texts Coinbase has settled its Freedom of Information Act lawsuit against the Securities and Exchange Commission, closing a years-long fight that came to rest on a batch of text messages the agency admits it destroyed. Chief legal officer Paul Grewal disclosed the deal in a Wall Street Journal op-ed on Wednesday. Under the terms, Grewal wrote, the SEC will pay $150,000 and repair its record-retention policies. The story behind the settlement is what gives it weight. Coinbase filed FOIA requests in 2023 for records that might show how the SEC decided to treat crypto as securities, the same question at the center of the enforcement suit the agency brought against the company that June. Rather than hand over the files, the SEC denied the requests, and the case dragged into court. The SEC’s own inspector general found that close to a year of former Chair Gary Gensler’s text messages, from October 2022 to September 2023, had been wiped after the agency reset his phone before a backup was made. That window covered the collapse of FTX and the agency’s hardest push against crypto exchanges. The watchdog found that 38% of the recovered texts touched agency business, including a May 2023 exchange on the timing of enforcement against trading platforms. SEC should play by the same rules: Coinbase Grewal built his case on a point that needs no legal training to feel. Under Gensler, the SEC had levied more than $1 billion in fines on financial firms for losing employee messages, and had said “everybody should play by the same rules.” Yet it lost its own chair’s texts during the most consequential stretch in crypto’s short history. “The Gensler SEC destroyed documents they were required to preserve and produce,” Grewal wrote when the report landed. “We now have proof from the SEC’s own Inspector General.” For Coinbase, the value was never the documents alone. The company had cast its transparency suits, including a challenge to the SEC and FDIC over pressure on crypto’s banking access, as proof that regulators leaned on the industry without clear rules. The SEC’s own case against Coinbase fell away in early 2025 under a new administration and a new chair. The settlement doubles as a personal coda. Grewal, the lawyer who steered Coinbase through years of combat with the SEC, plans to leave the company at the end of July. He closes this chapter with a small check, a promise of better filing habits, and a story the industry will carry for a long time: that the recordkeeping enforcer could not keep its own records. This post Coinbase Settles FOIA Fight With the SEC Over Gensler’s Vanished Texts first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine VanEck: Bitcoin’s Summer Lull Masks a Tightening Supply Base Bitcoin spent the past month in a holding pattern around $63,700, and VanEck’s latest Bitcoin ChainCheck reads the setup as a cautious pause rather than a bottom, with derivatives flashing fear, miner economics near multi-year lows, and long-term holders tightening their grip. The mid-July report frames the moment as consolidation, not recovery. Bitcoin closed July 12 at $63,742, flat against a month earlier yet 33% off its six-month high and 14% below its 200-day moving average near a bitcoin price of $74,000. The pause caps two monthly declines, a 3.6% dip in May and a 20.5% drop in June. Trading thinned into the summer. Spot volume averaged about $5.1 billion a day over the 30-day window, down near 29% from the post-2019 norm, a softness the firm notes has marked June through August in each of the past six years. Realized volatility fell to 30.4% on an annualized basis, under the trailing-year 43% level and well beneath the long-run average near 81%. Derivatives flash fear, not panic VanEck reads the derivatives complex as defensive. The one-month put/call implied volatility skew widened to +11.4 percentage points, an 83rd-percentile mark since 2021, and traders appear content to fund put purchases with the sale of calls. The firm reads that as fear rather than capitulation. Total options premium eased 23% to $613.6 million, and the put/call premium ratio climbed to 1.49, against an average near 0.71. Perpetual-futures funding tells a similar story. The rate sits near +4.5% on a 30-day average, about half the long-run +8.4%, a sign that positioning stays far from bullish after a spring stretch in which traders were paid to hold shorts. VanEck maps both signals to below-average forward returns across the 30-to-180-day window. It flags two markers of a true bottom that have not arrived: a skew past +15 points, or funding that flips negative. Until one appears, the firm sees near-term downside pressure over a quick rebound. VanEck has pointed to negative funding as a bullish tell in past notes. Bitcoin ETP outflows and shaken treasury confidence Demand ran negative on the month, a drop the report ties to exchange-traded product outflows. U.S. spot ETPs shed 40,010 BTC, worth about $2.40 billion, while corporate treasuries added 2,343 BTC and miners kept 1,204 BTC. Exchange balances rose to fill the gap. The report also charts shaken confidence among digital asset treasuries after Strategy used $1.38 billion to retire convertible notes, a move that left the company with a $900 million reserve and pushed it to its first bitcoin sales since 2022. Those sales, VanEck writes, fed the negative flows across the treasury cohort. The on-chain picture cuts the other way. The share of bitcoin held longer than a year reached 60.8% of supply, a figure that has climbed through the price drop from 59.1% six months earlier. Another 17.7% of supply sits in the six-to-twelve-month band, coins that graduate into the long-term bucket if they stay put. VanEck projects the long-term share reaches about 62% in three months and nears 63% in six. Regimes with a long-term share above 60% and rising have lined up with above-average returns across horizons in the firm’s tests, an echo of its prior finding that whales kept holding through the selloff. Selling, the report finds, concentrates in the middle of the age curve, while the youngest and oldest coins stay still. Profitability metrics run cold, with net unrealized profit at the 17th percentile and 53% of supply in profit against a four-year average of 76%. Miner economics near multi-year lows Miner economics form the report’s grimmest section. Network hash rate held near record highs around 930 EH/s as price fell, a mix that pushed implied hashprice to about $30.6 per petahash per second per day, near multi-year lows. Daily miner revenue averaged $28.5 million, down 39.5% year over year, a level that puts lower-efficiency rigs at or below breakeven. Miner-held bitcoin stayed near 1.785 million, a sign of steady sales of new coins over capitulation. The pivot to artificial-intelligence hosting runs through the section. VanEck highlights TeraWulf’s 20-year, $19 billion lease with Anthropic and CleanSpark’s $6.6 billion deal as top unlevered yields, part of a build-out the firm has tied to a $50 billion near-term funding gap. Miner equities have dropped about 42% from 52-week highs on higher rates, a New York pause on data-center construction, and doubt over AI returns. The firm keeps its conviction, and points to richer contract terms, new AI deals, and hyperscaler spending as reasons the de-rating overstates the risk. It also notes bitcoin correlation across the group has stepped down, a sign the market prices the names on their own merits. That optimism is not universal across the market; some analysts have argued an AI pivot alone will not rescue struggling miners. VanEck sees a market that leans toward soft returns over the near term, held back by cautious derivatives and weak miner cash flow, yet supported by a supply base that keeps tightening. For patient holders, the firm writes, the structural picture stays constructive. This post VanEck: Bitcoin’s Summer Lull Masks a Tightening Supply Base first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Satsuma Shareholders Approve Bitcoin Liquidation, London Delisting Satsuma shareholders have voted to unwind the company’s bitcoin treasury and pull its shares off the London Stock Exchange. At a general meeting on July 20, holders passed two special resolutions: one to return substantially all of Satsuma’s capital to shareholders, the other to cancel the company’s listing on the FCA’s Official List. The capital return resolution carried 90.63% support, with 7,869,182,042 votes in favor against 813,703,719 opposed. The delisting resolution passed with near-identical margins, 90.59% in favor. The board will now close out Satsuma’s trading operations and sell the company’s remaining bitcoin, roughly 668 BTC. The stock had traded as Satsuma Technology PLC (LSE: SATS), one of the UK’s bitcoin treasury vehicles, second in size only to The Smarter Web Company. A timetable set out in the June 24 shareholder circular governs the wind-down. The record time for entitlement to B Shares falls at 6 p.m. on August 3, the deadline for warrant holders to exercise their warrants if they want the resulting ordinary shares included in the capital return. Once the total number of qualifying shares is fixed, Satsuma will petition the UK High Court to confirm the return of capital. A directions hearing is set for August 13, with a confirmation hearing to follow on September 8. Under that schedule, the listing cancellation lands on September 14, and payments and CREST transfers go out by September 28. Satsuma’s bitcoin struggles The vote caps a run of trouble for a company that built its identity around holding bitcoin on a public balance sheet. Satsuma bought most of its coins at an average price above $113,000. With bitcoin trading below $68,000 in July, the treasury sat on steep unrealized losses, and Satsuma’s shares fell more than 99% from their June 2025 peak near £14 to around 21 pence, a valuation below the worth of its own bitcoin holdings. The company had already begun trimming its position under liquidity pressure. In December 2025, the company sold 579 of its 1,199 bitcoin for roughly £40 million, proceeds it used to retire £78 million in convertible loan notes that matured on December 31. That sale left the company with 620 BTC and about £90 million in cash. By April, Pantera Capital, which held a 6% to 7% stake, was publicly pushing Satsuma’s board to sell its remaining bitcoin and hand the cash back to shareholders rather than persist as a listed treasury company. That pressure, combined with a shareholder requisition from holders representing more than 20% of Satsuma’s issued capital, forced Wednesday’s vote. The board itself split on the outcome. Four of six directors recommended shareholders reject the wind-down, arguing it would dismantle a listed bitcoin vehicle and close off the company’s existing strategy. Two directors backed the proposal, citing shareholder demand and the execution risk of continuing as a going concern. Satsuma’s exit adds to a wave of distress among smaller bitcoin treasury companies as coin prices sit well below the levels at which many of them accumulated their holdings, leaving boards to choose between raising fresh capital or returning what remains to shareholders. This post Satsuma Shareholders Approve Bitcoin Liquidation, London Delisting first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Bitcoin is NOT Changed by Proof Of Node You might have heard about BIP-110; here’s why this fork is not just bad for Bitcoin, but it is built on a misunderstanding of what a Bitcoin node is and what it is good for. As well as why, because of this misunderstanding, BIP-110 will fail. This article is a Take. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine. BIP-110 is a Bitcoin Improvement Proposal titled as a Reduced Data Temporary Softfork. The BIP proposes a consensus change to Bitcoin, which attempts to limit the types and amounts of arbitrary data that can be added to consensus-valid transactions by limiting a wide range of Bitcoin’s scripting capabilities. BIP-110 is led by a pseudonymous developer known as Dathon Ohm and is widely supported by the Knots community, an alternative implementation of Bitcoin led by one of Bitcoin Core’s earliest contributors, Luke Dashjr and its supporters. The BIP-110 consensus change is headed towards a mandatory signaling period in the coming weeks and thus a potential fork with the main consensus rules as implemented in Bitcoin Core. The proposal needs to gain a great deal of support from miners within the coming weeks to change Bitcoin consensus. As of the time of writing, miner signaling for BIP-110 stands at less than one percent. The Knots community, widely made up of Bitcoiners running nodes on machines like Start9 and Umbrel, has rallied around Knots in protest of a series of development decisions made by Bitcoin Core, the primary open source development community and reference implementation of Bitcoin. While a majority of senior Bitcoin developers are either opposed or apathetic to the changes proposed by BIP-110, the movement has gained enough steam to become an ongoing topic of discussion on social media. Supporters of BIP-110 believe that by running Bitcoin full nodes that signal for the consensus change, they alone can change Bitcoin. Here are the main concepts being debated, the biggest misconceptions about Bitcoin consensus, what a Bitcoin node is, and why BIP-110 is almost certain to fail. The Power and Limits of a Bitcoin Node Many of the disagreements and misconceptions in this recent cultural conflict within Bitcoin revolve around the idea of a Bitcoin full node. Influencers like Knut Svanholm, author and podcaster, have elevated the role of the full node to heights perhaps too close to the sun. Knut recently tweeted: “Every person on Earth is a node in the Bitcoin network. Most to a minuscule extent, of course, but every node is first and foremost a person, not a machine. Which tools we use to interact with the network (and, by extension, to which extent they influence the network) is entirely dependent on the choices we make.” Statements of this sort are poetically beautiful, philosophically grand, romantic even, but nevertheless technically incoherent and fundamentally meaningless. Knut’s tweet attempts to redefine what a ‘Bitcoin node’ means and fails at it, instead diluting the value of the term entirely. He might as well have said that every atom in the universe is a Bitcoin node, since apparently to him the term is all-encompassing. Knut, though well-intentioned, is wrong. A Bitcoin node is something very specific. It is a full copy of all of Bitcoin’s transaction history, block headers and transaction-related data. Its purpose is very specific: to let users verify the integrity of Bitcoin’s supply and transaction history in relation to Bitcoin’s consensus rules. Bitcoin nodes grant users a variety of benefits, such as privacy. Third-party wallet providers query their copy of the Bitcoin blockchain for the user’s balance and serve it back to the user via the wallet app. Most mobile wallets function this way, with users asking a third-party server for their balances; some, very few, can connect to a user-run local Bitcoin node, in which case the user’s public addresses and balances are not shared with any third-party wallet company. Another benefit Bitcoin nodes grant users is the ability to check whether they are in consensus with the rest of the network, staying in sync. If the user mines Bitcoin or contributes any significant amount of hashing power to Bitcoin’s proof-of-work network, the node also provides the opportunity to assemble a block, choosing which transactions go into it. This is only possible if the user manages to mine a Bitcoin block, which is quite an achievement today, given the difficulty and steep competition. Even new kinds of mining pools like Ocean, which attempt to decentralize block template production, letting retail miners have more influence over which transactions enter the chain, still need enough hashing power to win the proof-of-work race, resulting in sporadic blocks being mined and thus limited influence over the blockchain. Bitcoin nodes also relay transactions across the network, with tens of thousands of them communicating via a flood network; this results in a censorship-resistant system where a small number of nodes can get controversial transactions to miners, bypassing any kind of filters, as demonstrated by Peter Todd’s relay libre. Thus, Bitcoin nodes can not easily filter which transactions enter the blockchain. Even a large majority of Bitcoin nodes alone can not, however, change Bitcoin consensus. Not without having a large amount of economic activity entering the Bitcoin network through them, as exchanges do on behalf of millions of users. Not without having the protocol and application developer community behind them. Not without having the investor community behind them. Bitcoin is not a node democracy, contrary to popular memes today. Bitcoin nodes do not grant you ‘citizenship’ in the ‘Bitcoin nation’. Satoshi Nakamoto was quite clear about this in the Bitcoin white paper. Bitcoin’s ultimate security and governance structure is: one CPU cycle, one vote, not one Bitcoin node, one vote. And miners, who run the CPU cycles over Bitcoin’s proof-of-work, are very sensitive to investor sentiment and the broader developer community, resulting in a distributed global protocol for money that is very difficult to change. Bitcoin nodes ultimately let you know if you are connected to the network with the most accumulated proof-of-work and that its consensus rules are being followed, but a node alone does not let you change the consensus rules. Users who change the consensus rules of their Bitcoin node are, by definition, no longer running Bitcoin. As a result, changing Bitcoin consensus as a node runner is very difficult, and that’s a feature, not a bug. Bitcoin is money for enemies. History and Bitcoin Consensus Games Deep work has been done, trying to understand Bitcoin consensus, its various pillars and interest groups. Ren Crypto Fish, Steve Lee and Lyn Alden identified six of them in BCAP, an open-source effort to analyze Bitcoin consensus and risks in protocol upgrades. BCAP identified stakeholders such as Economic Nodes, Investors, Media Influencers, Miners and Protocol Developers, and Users and Application Developers Historically, in the case of a consensus crisis, it is true that Bitcoin nodes have been used to signal support for one version of Bitcoin over another. Fork events like 2017’s Bitcoin Cash fork are often cited as examples of economic nodes winning against opposition by miners. 2017’s legendary User Activated Soft Fork (UASF) faced major opposition in theory; a large majority of mining pools and their corresponding collective hashrate supported the Segwit2x version of Bitcoin, with many exchanges and corporations having signed the infamous New York Agreement. The Bitcoin node-supported soft fork won nonetheless, bluffing the Segwit2x version from a contested blockchain altogether. But that’s the thing: while the Bitcoin nodes technically won, they did so by having massive support from protocol developers, investors and media influencers: these nodes really had economic weight and rough consensus. BIP-110, on the other hand, does not have the protocol developers, nor does it have enough investors behind it. Michael Saylor has come out against it, with many industry leaders also openly opposing it or staying out of the matter entirely. In fact, during the Bitcoin Cash fork, the limits of retail Bitcoin nodes were clearly understood. A Bitcoin node run by an exchange is orders of magnitude more influential than that of a retail user, as it introduces large amounts of new transactions to the Bitcoin network. The Bitcoin node of a major mining pool is far more influential than that of a hobbyist solo miner, as it more often assembles blocks and chooses which transactions settle to the blockchain. Most Bitcoiners outside of exchanges use mobile wallets to access their Bitcoin. Such users and investors can ‘vote’ with their money, so to speak, by moving their bitcoins and economic activity elsewhere, be it to a wallet that supports their vision of Bitcoin, or their own full node. But while users remain on mobile wallets that talk to third-party nodes, those users have little individual influence over Bitcoin consensus. And the vast majority of mobile wallets are using a Bitcoin core-compatible back end. The same goes for exchanges; their users effectively delegate consensus decisions to the exchange operators. In some cases, exchanges have put consensus issues to a user vote, weighed by their total holdings, returning that decision to end users weighed by capital; we may see this happen again with BIP-110. Votes of the sort have started happening with Foundry today. One of the biggest Bitcoin mining pools in the world, Foundry, recently emailed its miners informing them that they can vote on the proposal with their hashrate. A high enough support could result in Foundry signaling for BIP-110, though that remains unlikely. Users who do not vote will effectively signal against BIP-110, defending the status quo. Thus apathy about the topic of BIP-110 would be a win for Bitcoin Core by default. BIP-110 supporters need to culturally win over a majority of the Foundry hash rate, who then must act to vote against the Bitcoin Core developer consensus, the most popular Bitcoin implementation and best supported codebase. Today, miners are not signaling support for BIP-110 in any significant way. In fact, according to some data, this is one of the least supported soft fork attempts by miner signaling in Bitcoin’s history. Less than one percent of the blocks mined in the current difficulty adjustment period are signaling for BIP110. Concluding Thoughts BIP-110 has so far failed to gain consensus across major interest groups within Bitcoin; neither developers, investors, miners, nor large economic nodes support the consensus change. The result is likely to be a chain split in the coming weeks, which could have significant consequences for lightning wallets running on BIP-110-compliant nodes, ultimately resulting in a new, yet small blockchain that would probably have to change the proof-of-work used to stay alive. This post Bitcoin is NOT Changed by Proof Of Node first appeared on Bitcoin Magazine and is written by Juan Galt. Переглянути повний текст

Bitcoin Magazine Bitcoin Maxi Jack Dorsey Unveils New Open Source Group Chat App Tech entrepreneur Jack Dorsey has announced a new group chat platform aimed at reducing teams’ reliance on platforms like Slack, in the Bitcoin maxi’s latest push for decentralization. The Block co-founder wrote Tuesday on X that the new app, named Buzz, was “for teams of people and agents of all sizes” and “model-agnostic, decentralized, self-sovereign, and open source.” Described as “A new native workspace for human and agent teams” on its website, Buzz users can “chat with teammates and specialized agents in one shared space, then move straight into planning, project management, coding, and PRs.” A statement from parent company Block said that the new app was built on decentralized social networking Nostr protocol. “The interface will feel familiar to anyone who’s used a modern team communication tool,” Block added. “Every company is going to need a place where humans and agents work together,” Bradley Axen, head of AI capabilities at Block, said. “The question is whether that place is proprietary or open. We built Buzz because we believe it should be open.” Decentralize everything Dorsey, whose firm Block owns companies Square and Cash App, has long been pushing for decentralized solutions: primarily with Bitcoin. The billionaire founder of Twitter left the social media company to focus his efforts on payments and Bitcoin adoption in 2021, saying he wants the cryptocurrency to be the global currency and “everyday money.” He has also described Satoshi Nakamoto’s Bitcoin white paper as “poetry.” Cash App allows users to send and receive and buy and sell Bitcoin and point-of-sale terminals Square accept the orange coin via the Lightning Network. Block also last year debuted a Bitcoin mining rig with swappable parts, with the idea that miners could cut costs on repairing and replacing the devices. This post Bitcoin Maxi Jack Dorsey Unveils New Open Source Group Chat App first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, and Prediction Markets Crypto giant Coinbase is making its “everything exchange” push in Canada. Eric Richmond, country director and CEO of Coinbase Canada, told BNN Bloomberg in a Tuesday interview that the move would allow Canadians to not only buy crypto but also trade tokenized stocks and put money on prediction markets. “Coinbase believes we have a new technology here that can really help with that, and that’s blockchain and the technology that underpins crypto today,” Richmond said in the interview. “How do we create that one place for Canadians to have their entire financial experience in one app that’s underpinned by this technology that makes things frictionless, seamless, and 24/7?” He added: “I think people are starting to realize the fact that banks close at 4 p.m., or the markets close at 4 p.m., or that wires can take days to settle, or that access for high-net-worth individuals to certain products are gated for just those high-net-worth individuals.” Coinbase in the U.S. allows Americans to place bets and trade stocks. The company started as a place allowing people to buy and sell Bitcoin but has since offered hundreds of digital coins. Richmond added that the company was working with Canadian regulators to make the launch. Tokenized stocks are versions of equities that trade on the technology underpinning Bitcoin: the blockchain. Proponents like Coinbase argue that by tokenizing everything, traders will be able to make transactions around the clock, 24-7. A number of crypto exchanges are also making the push to branch out from crypto: Kraken, for example, has also started allowing users to trade stocks and has announced plans for a prediction market platform. Coinbase’s big moves Coinbase has made some bigger moves in recent years, other than just working as a crypto exchange. America’s biggest bank, JPMorgan Chase, last year signed a deal with the company to allow customers to directly link their bank accounts to the platform. Coinbase also provides custody services — including to Wall Street giants like BlackRock — and has a contract with the US government to hold onto seized crypto. The company also in April received conditional approval from the Office of the Comptroller of the Currency in the U.S. for a national trust banking charter, essentially paving the way for it to serve as a crypto custodian on a federal basis, managing assets for larger entities. The company has clashed with banking executives recently over stablecoin rewards: the exchange wants its yield-bearing stablecoin products to continue, which in turn could prove to be a bigger boon in the long-run for the business. This post Coinbase Wants To Be Canada’s ‘Everything Exchange’ — With Crypto, Stocks, and Prediction Markets first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act The White House is pushing Senate Democrats to accept a conflict-of-interest agreement that President Donald Trump worked out with Republicans, a move that negotiators hope will settle the last major dispute in the Digital Asset Market Clarity Act. A White House official, who spoke on the condition of anonymity, told CoinDesk that Trump “has agreed to the most comprehensive and wide-ranging ethics provision in history.” No details have emerged on what crypto restrictions Trump has consented to, and Democrats have been kept out of the loop on the provision. The ethics section would restrict senior government officials from personal business ties to the crypto industry, including Trump, whose family holdings have generated more than $2 billion in new wealth since he returned to office, according to Reuters. Release of the final draft has stalled for several days as negotiators work through the language. Democratic lawmakers have not received a briefing on the concession, though Republicans and the crypto industry have begun a sales campaign that casts Democrats as the obstacle. “If Senate Democrats block this historic legislation after the administration has bent over backward to accommodate their concerns, stakeholders should make no mistake: It is the Democrats who are blocking this legislation because they were never serious about a legislative outcome,” the White House official said. Treasury Secretary Scott Bessent has added his voice to the push, saying that lawmakers stood at the “1-yard line” on the Clarity Act and urging Congress to pass the bill before the recess. Clarity Act updates coming out of the White House Democratic negotiators such as Senators Kirsten Gillibrand, Ruben Gallego and Angela Alsobrooks have not seen details of the agreement with Trump, who met with Republican senators at the White House last week. Many of the Democrats have drawn a line that the ethics provision needs to be strong. Trump has pressed the Senate to pass the Clarity Act, and his disclosure that he made more than $1 billion from crypto in 2025 has given critics fresh ammunition. The Clarity Act’s text cleared the Senate Banking Committee in a 15-9 vote, with Gallego and Alsobrooks joining Republicans to advance it. Both said in May they would not back the final passage without an ethics provision. During the committee markup, an amendment from Senator Chris Van Hollen to bar the president, vice president and members of Congress from crypto business ties failed 11-13. The industry expects full circulation of the legislative text this week, according to CoinDesk. The Senate has fewer than three weeks to finish the bill and clear a floor vote before Majority Leader John Thune’s August 7 deadline, when lawmakers break for their reelection campaigns and enter a narrow stretch to finish the bill. Galaxy Research puts the odds of passage at 50-50. This post White House Presses Senate Democrats To Accept Trump Ethics Deal On Clarity Act first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Hyperscale Data Buys More Bitcoin, Bridging Holdings to Over $72 million Hyperscale Data, Inc. has announced that it’s upped its Bitcoin holdings to over 1,000 digital coins. The New York Stock Exchange-listed company said Tuesday that it had over 1,087.4527 BTC as of Sunday — or $72.4 million based on today’s prices. The holdings are split across the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG). During the week ended July 19, ACG added roughly 51.5 bitcoin through open-market purchases. The latest disclosure marks a significant acceleration in Hyperscale Data’s accumulation strategy. The AI data center company held just 627.9 BTC in late March 2026 — meaning it has nearly doubled its position, adding about 460 BTC in under four months. The buildout is part of the company’s goal of establishing a $100 million digital asset treasury and reaching full parity between its Bitcoin holdings and market capitalization. With a market cap of roughly $63 million, that threshold has now been crossed — the company’s bitcoin alone is worth more than the company itself, before counting cash or its operating businesses. Executive Chairman Milton “Todd” Ault III leaned into that disconnect, stating, “We now hold more than $70 million in Bitcoin.” He argued the market is assigning zero value to the company’s cash, its Michigan data center, and its portfolio of operating businesses, and said Hyperscale will keep executing while highlighting the widening gap between its market capitalization and underlying value. At the time of writing, GPUS is trading near $0.13 a share. Hyperscale is following the Bitcoin treasury strategy playbook Strategy Inc. (MSTR) has become the flagship case study in the evolution of Bitcoin treasury strategies in the corporate world. Under the leadership of Michael Saylor, Strategy shifted from a traditional software business to buying Bitcoin and allowing investors to get exposure to the asset via its shares which trade on the Nasdaq. This model has inspired other corporations like Hyperscale Data to add the leading cryptocurrency to their treasuries — though Hyperscale’s case is unusual in that its holdings now exceed its entire market cap, a situation more commonly seen in deeply discounted treasury plays. This post Hyperscale Data Buys More Bitcoin, Bridging Holdings to Over $72 million first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст

Bitcoin Magazine U.S. Senator: Clarity Act is ‘Almost There,’ Treasury Secretary Puts It at the ‘1-Yard Line’ Senator Kevin Cramer said the Senate has moved close to a deal on the Clarity Act, the crypto market-structure bill, with a fresh set of amendments on ethics and enforcement before Democrats for review. The North Dakota Republican, a member of the Senate Banking Committee, told Fox Business on Tuesday that the bill grows “clearer” as “each issue gets dealt with,” and that “we’re almost there.” He said the largest holdup is Democrats reading the new amendments, “some of them relevant to the ethics piece.” The central compromise Cramer described concerns who enforces the law. He said there appears to be “some agreement that the Department of Justice would be the prevailing enforcer,” a structure he backed as the source of uniform rules. Democrats, he said, had preferred a role for state attorneys general, an approach he argued would create “too disparate a situation” for the clarity the industry seeks. Ethics fight over President Trump That enforcement question sits at the heart of a months-long ethics fight over President Trump’s crypto ventures. Senator Cynthia Lummis, who chairs the Banking Committee’s digital assets subcommittee, had floated language that would let state attorneys general sue exchanges that list tokens issued by public officials, a provision aimed at holdings tied to the president and his family. Democrats on the committee have pressed for enforceable conflict-of-interest rules, and an amendment to bar the president, vice president, and members of Congress from crypto business ties failed on a party-line vote during the committee markup. Trump has met with senators over the ethics dispute as the White House and negotiators work toward terms. The shift Cramer outlined would route that enforcement to federal prosecutors rather than to fifty separate state offices, a change that narrows the paths available to challenge a listed token but centralizes the decision to act in the Justice Department. Cramer said the Senate has “a couple more weeks” before the August recess, and echoed Lummis in the push for passage before the break. “We have to get this done,” he said about the Clarity Act. Lummis, in an interview last week, said the bill was “ready” and that it was “very important” to move it across the finish line before the recess, so that markets could see “the stability that will be provided to them if they remain on shore in the United States.” Cramer flagged one more sticking point beyond enforcement: the definition of securities intermediaries. “The industry doesn’t like that,” he said, and noted a preference for a definition built around decentralization. He cast the remaining gaps as matters of “small details.” Lots of clarity about the Clarity Act The Clarity Act would split oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, set disclosure rules for certain tokens, and extend anti-money-laundering and sanctions rules to crypto exchanges. The House passed its version a year ago, and the measure has waited in the Senate since. The Senate Banking Committee advanced its version of the Clarity Act in a 15-9 vote this spring, with two Democrats crossing over. The timeline is tight. Majority Leader John Thune has aimed to bring the bill to the floor before the work period ends in early August, and House members have urged the Senate to act within the window. The CFTC chair called the bill “so close”, while Galaxy Research cut its passage odds to 50-50 as the clock ran down. Treasury Secretary Scott Bessen: Clarity Act on ‘1-yard line’ Treasury Secretary Scott Bessent added his voice to the push, telling Bloomberg that lawmakers stood at the “1-yard line” on the Clarity Act and urging Congress to pass the bill before the recess. The bill competes for floor time with a continuing resolution to avert a government shutdown at the end of September and a reconciliation package, priorities Cramer ranked ahead of other items in the same interview. President Trump has pressed the chamber to pass the crypto measure, a message he has paired with warnings about competition from China. For all the optimism, Cramer stopped short of a firm date. “I don’t know that we get to it this week,” he said, a caveat that leaves the bill’s fate to the narrow stretch of Senate days before lawmakers leave Washington. This post U.S. Senator: Clarity Act is ‘Almost There,’ Treasury Secretary Puts It at the ‘1-Yard Line’ first appeared on Bitcoin Magazine and is written by Micah Zimmerman. Переглянути повний текст

Bitcoin Magazine Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again. Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday. The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used for its dollar reserve. Strategy stock plunged with the price of Bitcoin last year, and is currently well below its November 2024 peak of $473.83. The software company, which started buying Bitcoin in 2020 as an inflation hedge, holds at 843,775 BTC, a position worth around $56.2 billion at current prices. Other Nasdaq-listed crypto stocks, including America’s biggest crypto exchange, Coinbase (COIN) and Bitcoin miner Marathon Digital (MARA), also surged on Tuesday. COIN at the time of writing was up 11% and MARA was trading over 6% higher. Middle East flare up Bitcoin’s price has taken a hit so far in 2026, and is currently down nearly 24% year-to-date. Since the leading crypto notched a new record of $126,080 in October, it has shed close to 50% of its value. The asset first got hit hard in October when the biggest crash in the history of the industry liquidated more than $19 billion in crypto bets. Then, crypto markets got hit harder after the U.S. and Israel attacked Iran in February, driving oil prices higher and deepening uncertainty around global inflation. Investors are now not expecting the Federal Reserve to cut interest rates anytime soon. More inflation comes less chance of interest rate cuts, which restricts the liquidity that Bitcoin needs to surge. Iran and the U.S. continue to fight, ending a truce, but Bitcoin seems immune to the latest flare up. As of July 20–21, the U.S. carried out its 10th straight night of strikes on Iranian military targets, with Trump vowing retaliation for three American service members killed and the Pentagon reporting nearly 100 U.S. troops injured over two weeks. This post Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks first appeared on Bitcoin Magazine and is written by Mathew Di Salvo. Переглянути повний текст